Fraud and Corruption Prevention in Contracts and Purchasing

Duration: 60 Minutes

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The old saying "An ounce of prevention is worth a pound of cure" is particularly applicable to procurement activities where fraud and corruption can raise not only the costs and risks of doing business but also jeopardizes the reputation of the organization and even the safety of employees and the general public.

Examples of types of Internal Fraud Related to Contracts and Purchasing

Examples of Types of External Fraud Related to Contracts and Purchasing

Stages of the Procurement Process where Fraud can occur

Steps in Corruption Prevention

Why Should you Attend
More people throughout the world are rejecting the notion that fraud and corruption are inevitable. As a result, many organizational leaders have launched efforts to prevent fraud and corruption both internally and on the part of their contractors and suppliers in contracting and purchasing activities. This webinar presents causes, types of fraud, and recommends steps for prevention.

Areas Covered

Meaning of Trust

Defining Fraud and Corruption

Fraud in the Inducement

Influences that Cause Fraud and Corruption

Organizational Weakness that contribute to Fraud

Stages of Procurement Process where Fraud and Corruption can occur

Duties of Employees Acting as Agents

Internal Fraud And Corruption examples

External types of Fraud and Corruption examples

Major Steps in Effective Prevention

Who will Benefit
Managers involved in projects, contracts, purchasing, operations, maintenance, engineering, quality, finance, and other company activities that expose them or their staff's to contractors and suppliers where there is a potential for fraud and corruption to occur.

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Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product

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Instructor Profile:
Robi Bendorf, CPSM, MCIPS, C.P.M., M.ED, has over 40 years of purchasing and sales experience, involving domestic and international activities for a broad range of manufacturing and service businesses. As President of Bendorf & Associates he has extensive experience in consulting & training in purchasing, contracts, reengineering the supply management process, the management of procurement functions, global sourcing of materials and components, reducing cost of purchased materials and services, and negotiation of complex transactions and contracts.

He has given presentations on numerous purchasing and contract management topics for the "Institute for Supply Management (ISM)", major universities, and numerous in-house seminars for industrial & services clients in the US and over 200 public seminars internationally. He is the contributor of articles published in Purchasing Today and Inside Supply Management. Robi was selected as ISM's National Person of the Year in both Global Resources and in Education/Learning.

Robi has an undergraduate degree from the University of Texas, and a Masters Degree from Penn State University.
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